Under Armour (UA/UAA), the hipster athletic apparel and footwear manufacturer that has seen a brutal few years where just about everything went wrong for the brand, the company, and the CEO Kevin Plank, is struggling to work its way out a period where the company's hyper-growth collapsed sharply and the company is now forced to pick up the pieces.
Pressure from adidas (OTCQX:ADDYY) and Nike (NYSE:NKE) crushed the upstart company, which was growing at a rapid rate and resulted in a drop in revenue growth from the high 20% - low 30% range to mid-single-digits the last 6 quarters.
Under Armour is still going through an inventory correction which is evidenced by the fact that y/y sales growth has not outpaced y/y inventory growth since the June '17 quarter.
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